Bank of America on Wednesday announced that its customers can now instantly send and receive payments with account holders of Minneapolis-based U.S. Bank. The capability could be used, for example, when two friends split a check after dinner. The move underscores the push by traditional banks to better stand out in the increasingly competitive ‘peer-to-peer’ payments industry.
Bank of America on Wednesday announced that its customers can now instantly send and receive payments with account holders of Minneapolis-based U.S. Bank. The capability could be used, for example, when two friends split a check after dinner. The move underscores the push by traditional banks to better stand out in the increasingly competitive ‘peer-to-peer’ payments industry. John Taggart Bloomberg
Bank of America on Wednesday announced that its customers can now instantly send and receive payments with account holders of Minneapolis-based U.S. Bank. The capability could be used, for example, when two friends split a check after dinner. The move underscores the push by traditional banks to better stand out in the increasingly competitive ‘peer-to-peer’ payments industry. John Taggart Bloomberg
Bank Watch

Bank Watch

News and notes on Charlotte's banks and the financial industry

Bank of America offers instant payments to compete with rivals

March 09, 2016 05:26 PM

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